National Cancer Fund Act of 2008 - Amends the Internal Revenue Code to: (1) establish in the Treasury the National Cancer Fund for programs to fight cancer, including for expenditures for cancer research, early detection and treatment, and tobacco cessation; (2) increase the excise tax rate on tobacco products and dedicate increased tax revenues to the Fund; and (3) impose permit, reporting, and recordkeeping requirements on manufacturers of processed tobacco.
Amends the Public Health Service Act to: (1) revise the membership and duties of the President's Cancer Panel; and (2) require the Panel to study the feasibility of additional funding sources for the National Cancer Fund.